1609 Ripasso Way McLendonRockwallTX75032
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Rockwall at 1609 Ripasso Way McLendon, Rockwall, TX, 75032 priced at $724,900 converts $3,730/mo rent into after a $3,548/mo obligation. Total monthly income equals $3,730/mo. Return on cash invested prints 12.32% in year one, and rental yield reads 6.17% against a $724,900 entry. Equity gained on principal adds $4,678/yr, while 5% annual appreciation compiles into $200,277 by year five. Five-year ROI reaches 63.54% and total cumulative return in cash sums $151,545. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,730/mo property income covering a $3,548/mo payment, not borrower’s personal income.
Single Family
Built in 2024
0.32 Acres lot
$N/A/sqft
$684 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75032, Rockwall, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,162 (100%) |
| Owner Occupied HU | 10,746 (70.9%) |
| Renter Occupied HU | 3,615 (23.8%) |
| Vacant Housing Units | 801 ( 5.3%) |
| Median Home Value | $528,692 |
| Average Home Value | $584,841 |
Housing Distribution
Address Breakdown
Residential
14,792
Single Family
12,789
Multi-Family
2,003
Businesses
738
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Listed by: Robert Moore • Perry Homes Realty LLC
Mls Name: NTREIS
Mls ID: #20510246
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.